TL;DR (generated · confidence: high)

Decision package allocates $742,615 in Fund Transfers—Expense to address a program funding gap in the Bureau of Planning & Sustainability's PCEF-funded operations. Originally granted a five-year $70M allocation, the shift to ongoing funding revealed an annualization gap that this package closes to maintain current service levels in FY26.

Key points (each cites a PDF page):

Decision package number 23,837 seeks additional PCEF (Portland Clean Energy Fund) revenue to support Bureau of Planning & Sustainability operations. (p. 762)
Package recommends $742,615 in Fund Transfers—Expense to close FY26 program funding gap. (p. 762)
BES originally received a five-year allocation of approximately $70M with flexibility to distribute across five years. (p. 762)
Original $70M five-year allocation proved insufficient to support five years of program operations, prompting front-loading of funds to first two years. (p. 762)
Shift from five-year allocation to ongoing funding model created annualization gap requiring this additional funding to maintain current service levels. (p. 762)

💰 $742,615 · $70M · 📋 PCEF · Contingency · 🏛️ Bureau of Planning & Sustainability

23,837

Source: PDF p. 762 · raw: 762

Breadcrumb: 4 ced › Comm-EcDev-DPs › Package Details › 23,837

23,837 - PCEF - Additional BES Amount Service Area Community & Economic Development DCA Donnie Oliveira Bureau Name Bureau of Planning & Sustainability Director Eric Engstrom Funding Type Name Recognizing PCEF Revenue Status: Recommended Package Desc Expense Recommended Total This decision package balances to the amount BES is requesting additionally to support ongoing Contingency ($742,615) operations. Originally, BES was granted a five-year allocation of approximately $70m with the option Fund Transfers - Expense $742,615 to distribute this across 5-years as they deemed appropriate. This $70m did not support 5 years worth of operations for the programs the PCEF resource funded so they intended to front-load some $0 of the allocation to the first couple of years to buy time. With the switch from a five-year allocation to ongoing, annualization of the total allocation is presenting an ongoing program gap to maintain Revenue Recommended Total current service levels, this difference intends to close that gap for FY26. Miscellaneous Fund Allocation $0 Service Impacts $0 Equity Impacts

Parent: Package Details · PDF: p. 762